Veeva Systems Inc (NYSE:VEEV) shares, rose in value on Friday, December 13, with the stock price down by -1.59% to the previous day’s close as strong demand from buyers drove the stock to $228.78.
Actively observing the price movement in the last trading, the stock closed the session at $232.48, falling within a range of $227.465 and $232.595. The value of beta (5-year monthly) was 0.813 whereas the PE ratio was 56.53 over 12-month period. Referring to stock’s 52-week performance, its high was $258.93, and the low was $170.25. On the whole, VEEV has fluctuated by -1.89% over the past month.
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With the market capitalization of Veeva Systems Inc currently standing at about $37.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.72B, with a low estimate of 697.15M and a high estimate of 703.77M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 698.78M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VEEV’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.83, with the price of VEEV currently trading nearly 0.60% and 3.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.25, while the 7-day volatility ratio is showing 3.60% which for the 30-day chart, stands at 3.00%. Furthermore, Veeva Systems Inc (VEEV)’s beta value is 0.83, and its average true range (ATR) is 7.89.
A comparison of Veeva Systems Inc (VEEV) with its peers suggests the former has fared considerably weaker in the market. VEEV showed an intraday change of -1.59% in last session, and over the past year, it grew by 28.98%%.
Data on historical trading for Veeva Systems Inc (NYSE:VEEV) indicates that the trading volumes over the past 10 days have averaged 1.56 and over the past 3 months, they’ve averaged 1.02 million. According to company’s latest data on outstanding shares, there are 162.16 million shares outstanding.
Nearly 8.93% of Veeva Systems Inc’s shares belong to company insiders and institutional investors own 79.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.35 million shares as on 2024-11-15, resulting in a short ratio of 2.61. According to the data, the short interest in Veeva Systems Inc (VEEV) stood at 160.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 2.21 million. The stock has risen by 18.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VEEV stock heading into the next quarter.
